SoylentNews is people
SoylentNews
Time Magazine is being sold by Meredith Corp. to Marc Benioff, a co-founder of Salesforce, and his wife, it was announced Sunday.
Meredith announced that it was selling Time magazine for $190 million in cash to Benioff, one of four co-founders of Salesforce, a cloud computing pioneer.
Meredith had completed the purchase of Time along with other publications of Time Inc. earlier this year.
The Benioffs are purchasing Time personally, and the transaction is unrelated to Salesforce.com, where Benioff is chairman and co-CEO and co-founder. The announcement by Meredith said that the Benioffs would not be involved in the day-to-day operations or journalistic decisions at Time. Those decisions will continue to be made by Time's current executive leadership team, the announcement said.
Tech wealth continues to swallow up old media. Will old media improve?
(Score: 0, Troll) by Ethanol-fueled on Monday September 17 2018, @09:33PM
I used to love Newsweek even though in retrospect there was a lot of neocon in the geopolitics. If Newsweek were like its old self, then I would shell out the money to buy hard-copies.
Then they went full Conde Nast: Half the magazine is ads and the remaining half is pop-culture bullshit and TV/Movie reviews.
Thank Jesus Christ for nationalinterest.org. [nationalinterest.org]
Anyway, as far as Time goes, there won't be much difference in the content since it and all others like it already went full open-borders libtard over a decade ago. Guess it just needed a maintainer, like when CIA Bezos took over the globalist neocon mouthpiece the Washington Post because Trump cut its Afghan heroin funding.